International transmission of business cycles: Evidence from dynamic correlations

被引：25

作者：

Fidrmuc, Jarko ^{[1
,2
,3
,4
]}

Ikeda, Taro ^{[5
]}

Iwatsubo, Kentaro ^{[6
]}

机构：

[1] Zeppelin Univ, D-88045 Friedrichshafen, Germany

[2] CESifo, Munich, Germany

[3] OEI, Regensburg, Germany

[4] Mendel Univ, Brno, Czech Republic

[5] Kurume Univ, Fac Econ, Fukuoka, Japan

[6] Kobe Univ, Grad Sch Econ, Kobe, Hyogo, Japan

来源：

ECONOMICS LETTERS | 2012年 / 114卷 / 03期

关键词：

Business cycle; Financial integration; Frequency domain; Dynamic correlation; SYNCHRONIZATION; FINANCE; FACTS; TRADE;

D O I：

10.1016/j.econlet.2011.10.025

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We exploit dynamic correlations to estimate determinants of output comovement between OECD countries. Trade intensity, financial integration, and specialization patterns have significantly different effects on comovements at different frequencies. This sheds more light on previous results based on statistical filters. (C) 2011 Elsevier B.V. All rights reserved.

引用

页码：252 / 255

页数：4

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